Is the property market still stabilising?
Buyers and sellers are back doing business but the outlook for the housing market still hangs in the balance, according to property portal Zoopla. The company’s house price index looks at the latest housing trends in May 2023 and highlights why recent inflation figures might put a brake on market activity. It suggests UK house […]
Bring in the greens of summer – refresh your colour scheme this season
First it was grey, then it was blue, and then viva magenta was all the rage. Now with summer well and truly on the horizon, the cool greens of summer have arrived. Those considering updating their rental homes with a touch of green here and there could find the refreshing colour is just the right […]
Signs of recovery in housing market
The property market experienced tentative signs of recovery in April, according to the Nationwide building society. April saw a 0.5 per cent rise in house prices after seven consecutive falls, with annual rate of house price growth rising to -2.7 per cent from -3.1 per cent in March, says Robert Gardner, Nationwide’s chief economist. “While […]
Rising energy costs challenge serviced apartment operators
Concerns around energy costs are considered to be one of the biggest challengs for those running serviced apartments businesses, according to a recent survey. The survey by Savills and the Association of Serviced Apartment Providers (ASAP) finds that over three quarters (77 per cent) of operators listed rising energy costs as the biggest challenge for […]
Demand for purpose-built student accommodation returns
The purpose-built student accommodation (PBSA) sector has bounced back from a pandemic induced decline, according to recent reserach. Property developer Stripe Property Group estimates the market size to be almost £4bn and suggests this will climb to £4.5bn by 2025. The PBSA specialist analysed the latest figures on the size of the sector, which supplies stock […]
Reasons why landlords should use a local letting agent
Many landlords choose to manage their own properties but others opt to work through a letting agent. At Norfolk Property Management and Lettings, we have developed strong relationships with our landlords over the decades and these are the reasons they give us for working with us: Flexibility We create bespoke packages for our landlords, taking […]
East of England tops commercial property sales and rentals
The east of England is currently home to the strongest commercial real estate market, according to recent research. Sirius Property Finance says that according to its analysis, the region tops all others in Britain when it comes to both commercial property purchases and rentals. The company looked at current demand for commercial sales and rentals, […]
A New How to Rent Guide
The government is today issuing a new version of the online How to Rent Guide. Landlords and agents are obliged to provide the latest version of this guide to tenants at the start of any new tenancy or at the point of any tenancy renewal (for a statutory periodic tenancy). The new guide has been […]
Economic uncertainty is taking toll on UK mortgage holders
More than half of UK mortgage holders are struggling with their mental health as the cost of living crisis hits home, according to recent research. According to a new survey of 2,000 UK homeowners who pay a mortgage, the ongoing cost of living crisis is affecting the mental health of 56 per cent of mortgage holders. The […]
A more stable property market picture emerging
There are indicators demonstrating a more stable picture for the housing market emerging through the course of 2023, according to the February RICS UK Residential Survey. The headline reading for new buyer enquiries rebounded to a net balance of minus 29 per cent (measured on a seasonally adjusted basis), improving from minus 45 per cent […]
